Archive for October, 2009

RBI Raises Concern over Circular Investment Btw. MFs & Banks.

As per the latest data released from the Reserve Bank of India, nearly 90% of the funds, which are parked by the banks in mutual funds (MFs) come back into the banks. The funds come in the form of overnight borrowings through various channels. RBI said that the banks parked Rs 66,687 crore in MFs [...]

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Bharti Airtel’s Scrip Fell 6% Down !

    Telecom major Bharti Airtel’s scrip Friday fell 6.38 percent lower than its previous close at the Bombay Stock Exchange (BSE) as investors dumped the stock because of disappointing second quarter results. The scrip, which had fallen to an intra-day low of Rs. 290.30 from Thursday’s closing figure of Rs. 312.05, ended the day [...]

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Bear and Bull – Part 1

Hello Friends here we come up with our another write up on “SMC Gyan Series” Have you all ever wondered that what exactly this Bull and Bear Market is ?   What are they? What do they look like? What’s the origin of this terminologies? Lets Talk about it When we talk about bull and [...]

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Government to Set Up New Vigilant System to Track Corporate Frauds

The Government has embarked on a new vigilant system to track the corporate frauds post Satyam scam debacle. As a part of this, it has decided to look into companies whose financials are found to be suspicious. Ministry of corporate affairs has said that the government’s new drive will be technology-driven and bank heavily on [...]

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Imports of Gold Jumped to 37.5 Tonnes in September

The imports of Gold surged by 72 per cent to 37.5 tonnes in September as compared to previous month due to the increased demand during festive season. The gold import in August stood at 21.8 tonnes after witnessing a growth of nearly three-fold from 7.8 tonnes in July, data provided by the Bombay Bullion Association [...]

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NEWS CAPSULES

Hello Friends, Last week witnessed lots of action with results of some major companies coupled with the RBI’s monetary policy. Moreover, Week gone by, Indian markets turned distinctly weak as a sluggish global trend continued to cast a shadow on markets. Having said that here we bring you latest updates from the Indian market and [...]

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MCX Stock Exchange Targets Bottom of the Pyramid

The MCX Stock Exchange (MCX-SX), which is still some distance away from launching trade in equities, has already drawn up a strategy to lower costs significantly to take on established players. Exchange, promoted by the Financial Technologies group, is waiting for approval from the market regulator. But the blueprint is aimed at doing what the [...]

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High Dividends !! Not the Best Way to Judge MF Schemes :)

Mutual fund schemes generally boast about high dividends but mutual fund experts say picking a mutual fund scheme on the basis of its dividend payout may not be the best way to invest in the sector. As per MF experts, comparing the quantum of dividends paid in short term is not the correct way to [...]

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Corporate India is Likely to Register 22.8% Growth

Corporate India is likely to register 22.8% growth in net profit in 2009-10 despite the slowdown in the global economy and bad monsoon. Centre for Monitoring Indian Economy (CMIE) in its latest report has attributed the “improvement in the margins..due to fall in input costs” as the major reason for the concerned growth of corporate [...]

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Market to Go Volatile This Week, Due to Host of Factors

The Market is likely to remain volatile this week as a host of triggers are set to guide investor sentiments. These factors are : 1. Expiry of the October series of derivatives contracts, 2. September quarter results of some key companies such as Reliance Industries and 3. the RBI money policy review. Global cues may [...]

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